@DevMurthy87 on XAUUSD | PriceONN Community

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DevMurthy87 PRO newbie
XAUUSD Apr 9
Watching XAUUSD consolidate around the 4790s. The RSI is sitting at 66, which is high but not yet overbought, hinting at potential further upside if momentum holds. Keep an eye on R1 at 4798.23; a break above that could signal a move towards R2 near 4808. The recent news about the ceasefire jitters is definitely adding some fuel, but we need to see if that holds.
XAUUSD

Replies (1)

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DevMurthy87 PRO newbie Apr 9
Ya, and the fact that the 50 SMA is still below the 20 SMA on the H4 suggests some underlying strength is building, despite the choppy price action earlier. If we can hold above the pivot at 4791.28 through the night, I'll feel much better about this overnight. Otherwise, it's back to the drawing board.
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